Freddie Amended Risk Base Pricing

Bulletin
TO: All Freddie Mac Sellers and Servicers March 13, 2008
SUBJECTS
Selling requirements are amended with this Single-Family Seller/Servicer Guide (Guide) Bulletin.
We are announcing the following changes to our postsettlement delivery fees (delivery fees).
Effective immediately
Until further notice, we are suspending implementation of the 30 basis point delivery fee for Mortgages with loan-to-value (LTV)/total LTV (TLTV) ratios greater than or equal to 80% and minimum Indicator Scores less than 740, announced in the February 21, 2008 Bulletin.
Effective June 1, 2008
Cash-out refinance Mortgages
We are further expanding our use of risk-based pricing by revising our delivery fee rate structure for cash-out refinance Mortgages as follows (these delivery fee rates apply to cash-out refinance Mortgages in addition to the applicable Indicator Score/Loan-to-Value delivery fee):
CASH-OUT REFINANCE MORTGAGES INDICATOR SCORE/LOAN-TO-VALUE Effective for Settlements on or after June 1, 2008
Product
Credit Score
LTV Ratios
<> 60% & <> 70% & ≤ 75% > 75% & ≤ 80% > 80% & ≤ 85% > 85% & 90>
>740 0.000% 0.000% 0.000% 0.250% 0.375% 0.375%
> 720 & <> 700 & <>2- to 4-Unit Properties
We are revising the Number of Units delivery fee rates as follows:
􀂄 The existing 50 basis point delivery fee rate will apply to all eligible Mortgages (other than Home Possible Mortgages) secured by 2-unit properties
􀂄 The existing 100 basis point delivery fee rate will apply to all eligible Mortgages (other than Home Possible Mortgages) secured by 3- to 4-unit properties
REVISIONS TO THE GUIDE
Exhibit 19, Postsettlement Delivery Fees, has been updated to reflect the changes described in this Bulletin.
CONCLUSION
If you have questions regarding changes announced in this Bulletin, please contact your Freddie Mac representative or call (800) FREDDIE.